Canadian National Railway Company $CNI Shares Sold by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management reduced its Canadian National Railway stake by 7.3% in the third quarter, selling 29,507 shares and retaining 374,166 shares worth approximately $44.6 million. Institutional investors and hedge funds collectively own 80.74% of the company.
• Analyst sentiment is mixed, with nine Buy ratings and ten Hold ratings. Canadian National Railway has an average “Hold” rating and a consensus price target of $137.49.
• Canadian National Railway reported quarterly earnings of $1.54 per share, exceeding the $1.49 consensus estimate, while revenue of $3.35 billion also topped expectations. The board additionally declared a quarterly dividend of C$0.915 per share.

Cidel Asset Management Inc. cut its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 374,166 shares of the transportation company's stock after selling 29,507 shares during the quarter. Canadian National Railway accounts for about 2.2% of Cidel Asset Management Inc.'s portfolio, making the stock its 8th largest position. Cidel Asset Management Inc. owned about 0.06% of Canadian National Railway worth $44,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. acquired a new stake in Canadian National Railway in the second quarter valued at approximately $27,000. Financial Network Wealth Advisors LLC grew its stake in shares of Canadian National Railway by 103.4% during the third quarter. Financial Network Wealth Advisors LLC now owns 238 shares of the transportation company's stock worth $28,000 after buying an additional 121 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Canadian National Railway during the third quarter worth $30,000. Balance Wealth Partners LLC bought a new stake in shares of Canadian National Railway during the third quarter worth $40,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Canadian National Railway during the first quarter worth $46,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada increased their price target on Canadian National Railway from $195.00 to $205.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Raymond James Financial lowered Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Monday, October 19th. Wells Fargo & Company boosted their price objective on Canadian National Railway from $135.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, July 27th. Bank of America lowered their target price on Canadian National Railway from $146.00 to $143.00 and set a "buy" rating for the company in a report on Wednesday, September 23rd. Finally, Barclays increased their target price on Canadian National Railway from $109.00 to $130.00 and gave the company an "equal weight" rating in a research report on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $137.49.

Canadian National Railway Trading Down 0.2%

CNI opened at $123.82 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $131.55. The company's 50 day moving average price is $121.69 and its two-hundred day moving average price is $115.34. The firm has a market capitalization of $74.61 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.22 and a beta of 0.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.27 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The company's revenue for the quarter was down 99.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 earnings per share. As a group, research analysts predict that Canadian National Railway Company will post 5.80 earnings per share for the current year.

More Canadian National Railway News

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: CN reported third-quarter adjusted earnings of C$1.54 per share, exceeding the Zacks consensus estimate of C$1.49. Coverage also described higher profit and a revenue surge, helped by strong pricing across freight segments, indicating resilient demand and pricing power. Canadian National Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: The board approved a fourth-quarter dividend of C$0.915 per share, payable December 30 to shareholders of record on December 9. The continued dividend reinforces CNI’s income appeal and signals confidence in cash generation. CN Declares Fourth-Quarter 2026 Dividend
• Neutral Sentiment: The quarter’s results and operating performance were released before the market, giving investors updated information on freight demand, pricing and execution. The earnings beat is favorable, although investors may focus on the complete outlook and management commentary for evidence that momentum can continue. CN Delivers Strong Third Quarter Performance
• Negative Sentiment: CFO Ghislain Houle will retire effective February 1, 2027, with investor-relations executive Jamie Lockwood succeeding him. The internal appointment should support continuity, but leadership changes can temporarily increase execution and oversight concerns. CN Announces CFO Retirement and Successor

Canadian National Railway Company Profile

Canadian National Railway Company NYSE: CNI is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.

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